365 Atlantic Ave Freeport, NY 11520
Estimated payment $14,969/month
Highlights
- Granite Flooring
- Handicap Accessible
- Private Driveway
- Back, Front, and Side Yard
- Baseboard Heating
- Partially Fenced Property
About This Home
Exceptional 4-lot commercial package featuring three established businesses plus a dedicated 16-space customer parking lot. Includes a 5,000 sq. ft. catering hall and two 2,500 sq. ft. restaurants (Texas Ranger Burger Joint + Pizzeria). Strong tenant stability with the pizzeria newly renewed for 10 years, Texas Ranger with 4 years remaining, and the catering hall secured for almost 8 years. Together, the property produces an approx. NOI of $167,000, delivering a 6.18% cap rate at a $2.7M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,866
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 113 x 140
- Partially Fenced Property
- Back, Front, and Side Yard
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
- Stone Exterior Construction
Interior Spaces
- 7,014 Sq Ft Home
- Partially Finished Basement
- Partial Basement
Flooring
- Granite
- Tile
Parking
- 6 Parking Spaces
- Private Driveway
- Parking Lot
Accessible Home Design
- Handicap Accessible
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $18,924
- Utility Expense $21,016
- Gross Income $167,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,866 | $2,425 | $1,469 | $956 |
| 2024 | $1,175 | $2,658 | $1,610 | $1,048 |
| 2023 | $12,378 | $3,585 | $2,171 | $1,414 |
| 2022 | $13,171 | $3,585 | $2,171 | $1,414 |
| 2021 | $13,609 | $3,393 | $2,171 | $1,222 |
| 2020 | $14,145 | $2,515 | $2,514 | $1 |
| 2019 | $2,827 | $2,756 | $2,755 | $1 |
| 2018 | $12,821 | $2,756 | $0 | $0 |
| 2017 | $13,633 | $2,756 | $2,755 | $1 |
| 2016 | $15,814 | $2,756 | $2,755 | $1 |
| 2015 | $1,916 | $2,756 | $2,755 | $1 |
| 2014 | $1,916 | $2,756 | $2,755 | $1 |
| 2013 | $1,812 | $2,756 | $2,755 | $1 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $2,700,000 | -- | $385 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | The Judicial Title Ins |
Source: Brooklyn Board of REALTORS®
MLS Number: 497308
APN: 2009-62-140-00-0019-0
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